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P In the SolowSwan model, an increase in technology parameter A increases the steady state level of output per effective worker. However, an increase in
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In the SolowSwan model, an increase in technology parameter \"A\" increases the steady state level of output per effective worker. However, an increase in the rate of technological progress (growth rate of technology) reduces the steady state level of output per effective worker. Why is it soStep by Step Solution
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